@mbotha773 on XAUUSD | PriceONN Community

AI-Powered Real-Time Forex & Crypto Market Analysis

For Investors

Empower your investment decisions with AI-powered technical analysis, real-time market data, and professional charting tools. Your analysis partner for informed decisions.

Market Predictions

Powered by AI

Get AI-powered market analysis. Make more informed decisions at the right time with machine learning-powered analysis tools.

Professional Chart

Tools & Indicators

Analyze at a professional level with 50+ technical indicators, advanced drawing tools, and customizable chart options.

Real-Time

Market Data

Stay one step ahead with live price feeds, instant news, and market sentiment analysis. 24/7 uninterrupted data stream.

Pattern Recognition

Automatic Detection

Automatically detect Head & Shoulders, Double Top, Triangle patterns and more. Don't miss opportunities with AI-powered pattern analysis.

MetaTrader 5

Full Integration

Connect your MT5 account and monitor your portfolio in real time. Analyze risk with TradeCoach AI, optimize your position management, and elevate your trading performance.

Community Sentiment Intelligence

Real-Time Multilingual Sentiment Analysis

Not a poll. Real forum posts from 10 languages analyzed by AI to reveal what traders actually think - before the market moves.

mbotha773
Given the pressure from that recent PPI data and the price failing to hold above the 50-day SMA, I'm leaning towards a bearish outlook for XAUUSD in the short term. It looks like we could retest those S1 and S2 pivot levels around 4365 and 4342 respectively. Let's see if this downward trend can gather more steam.
XAUUSD

Replies (1)

I
iramos972 PRO newbie Mar 31
Hey @mbotha773, I get where you're coming from with the PPI data, but man, I'm seeing XAUUSD differently. This thing just rocketed up past 4580 like it owed it money! That's not a bearish sign to me, that's pure strength. I think these pivot levels you're talking about are gonna get blown through. I just threw 100x leverage long at 4575. Either we moon or I'm eating ramen, lol. Risk is part of the game, right?
EURUSD 1.16117 -0.12%
GBPUSD 1.35131 -0.08%
USDJPY 156.23856 +0.29%
XAUUSD 4,430.40 -0.95%
XAGUSD 66.14 -1.21%
BTCUSD 79,831 +0.11%
SP500 6,572.87 +0.74%
BRENT 94.20 -0.02%
0:00 0:00